Politics And Economics Of External Debt Crisis : The Latin American Experience

Since 1981 Latin America has been in the midst of a protracted external debt crisis due, among other reasons, to emergency borrowing at record-high real interest rates and the decline in the region's export proceeds. Until now, most literature on the subject originated in industrial lender countries, whose primary concern is the impact of the debt Contents List of Tables and Figures Preface • Miguel S. Wionczek Introduction• Miguel S. Wionczek and Luciano Tomassini Part 1: Global and Regional I ssues 1 External Debt of Developing Countries in Late 1983 • Dragoslav Avramovič 2 The World Crisis and the Outlook for Latin America • Vrctor L. Urquidi 3 The International Scene and the Latin American External Debt • Luciano Tomassini 4 External Debt Problems of Latin America • Enrique V. Iglesias 5 Coping with the Creeping Crisis of Debt • Albert Fishlow 6 Latin American Debt: Act Two • Pedro-Pablo Kuczynski 7 Capital Market Financing to Developing Countries • Ariel Buira 8 The World Monetary System, the International Business Cycle, and the External Debt Crisis • José Luis Feito Part 2: Case Studies 9 Argentina’s Foreign Debt: Its Origi n and Consequences • Marcelo Diamond and Daniel Naszewski 10 Rescheduling Brazil’s Foreign Debt: Recent Developments and Prospects • Paulo Nogueira Batista, Jr. 11 The Mexican External Debt: The Last Decade • Ernesto Zedillo Ponce de León 12 The Renegotiation of Venezuela’s Foreign Debt During 1982 and 1983 • Eduardo Mayobre 13 The External Debt, Financial Liberalization, and Crisis in Chile • Ricardo Ffrench-Davis 14 Peru and Its Private Bankers: Scenes from an Unhappy Marriage • Robert Devlin and Enrique de la Piedra 15 The Role of External Debt Problems in Central America • Jorge González del Valle 16 Where Do We Go from Here? • Miguel S. Wionczek Acronyms About the Contributors Index About the Book and Editor Politics and Economics of External Debt Crisis is written by Latin experts and presents the Latin American external debt crisis and difficulties from the viewpoint of the borrowers, rather than the industrial lender countries as discussed by most literature on the subject until this point.